JAKS Powers AheadFunny, you may say. But the mentality of the syndicates just cannot be fathomed. In two lousy market days, the operated on JAKS.
Yesterday, they sold down JAKS to 76 sen for their intended springboard action today. This morning before the witching hour, the counter started moving up. It is now up 3 sen to 82 sen; with heavy volume of 4.085 million shares done. The margin of profit at 82 sen will be 6 sen and; minus the 3 sen ( maximum) for brokerage, they will make clean 3 sen per lot and then they vamoose! Good play!
Anyway, it is about time that JAKS move up in price to be on par with the other pipe makers. JAK could easily go up to RM1.20 when the Pahang-Selangor Water Transfer project gets announced and tendered. I think that will be soon.
Heartsong
Yesterday, they sold down JAKS to 76 sen for their intended springboard action today. This morning before the witching hour, the counter started moving up. It is now up 3 sen to 82 sen; with heavy volume of 4.085 million shares done. The margin of profit at 82 sen will be 6 sen and; minus the 3 sen ( maximum) for brokerage, they will make clean 3 sen per lot and then they vamoose! Good play!
Anyway, it is about time that JAKS move up in price to be on par with the other pipe makers. JAK could easily go up to RM1.20 when the Pahang-Selangor Water Transfer project gets announced and tendered. I think that will be soon.
Heartsong
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